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sign the bill. today's pressure was intense. there there was no agreement, negotiations would have had to start all over. after closed door meetings, house republican leaders finally put to a vote the fiscal cliff compromise. a bipartisan senate packed last night. >> we had listened to the american people. we have heeded their call to work together in a pi partisan way. >> reporter: president obama spoke minutes after the vote. >> the one thing i think we'll focus on in the new year is put ago package like this together with a little bit less drama. not scare the heck out of folks quite as much. >> reporter: house majority leader voted no on the compromise. he dropped efforts to amend the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed miserably in cutting spending. >> i'm unwilling to go on a bill that's unacceptable. >> reporter: the emergency compromise makes bush era tax cuts permanent for families who earn under $450,000 a year.
sign the bill. today's pressure was intense. there there was no agreement, negotiations would have had to start all over. after closed door meetings, house republican leaders finally put to a vote the fiscal cliff compromise. a bipartisan senate packed last night. >> we had listened to the american people. we have heeded their call to work together in a pi partisan way. >> reporter: president obama spoke minutes after the vote. >> the one thing i think we'll focus on in the...
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Jan 2, 2013
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the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings up in the north bay valleys. and frost advisories inside the bay in toward the santa clara valley so a cold start to the day. these temperatures running down in the 20s and some mid-30s. waking up to some widespread frost outside. if you are heading out the door this morning, grab your jacket. it is going to be chilly. temperatures right now 27 degrees in santa rosa. 30 in livermore. 34 degrees in san jose. and 30 degrees in the napa valley. only moderating as you approach the coastline, 45 into san francisco. high pressure giving us clear air and dry conditions. the storm track well to the north. that's going to play out over the next few days and chilly mornings ahead here. and then the temperature
the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings up in the north bay valleys. and frost advisories inside the bay in toward the santa clara valley so a cold start to the day. these...
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Jan 2, 2013
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awaits president obama's john hancock. around 11:00 p.m. eastern last night, the republican-led house gave final approval to a deal that will raise taxes on the wealthiest americans, and postponing the automatic spending cuts for two months. the package, which would be signed by the president as early as today preserves the bush era tax cuts for individuals who earn less than $400,000 a year and households earning less than $450,000. it extends unemployment benefits for a year and does not do a bunch of other stuff. it passed by a comfortable margin but only because a majority of yes votes came from democrats. 172 democrats voted in favor. 16 opposed. 151 republicans voted against the bill. only 85 voted in favor. in recent years, republican speakers of the house refused to bring bills to the floor unless they got a majority support from republicans. speaker john boehner of ohio violated that longstanding rule last night and in the process he became the only member of the leadership of his party who voted in favor of the b
awaits president obama's john hancock. around 11:00 p.m. eastern last night, the republican-led house gave final approval to a deal that will raise taxes on the wealthiest americans, and postponing the automatic spending cuts for two months. the package, which would be signed by the president as early as today preserves the bush era tax cuts for individuals who earn less than $400,000 a year and households earning less than $450,000. it extends unemployment benefits for a year and does not do a...
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that's what president obama and democrats have called for all along. we've never said it has to be all our way. we've been willing, and will continue to support significant spending cuts to reduce our deficit. we know we need to make sure that the wealthiest americans pay a little more to add to that deficit reduction package. we know we're going to need entitlement savings. this is the first step towards significant deficit reduction. we would have prefer to do it in the $4 trillion deal that president obama proposed, but now we'll do it in steps. going forward after tonight, i hope this passes. and then going forward after tonight, any subsequent deal needs to also have balance. and that's what people need to keep in mind. we're not going to continue down the path of lopsided deals that balance all the pain on the backs of the middle class. those days are over. >> we're speaking to one vote in the yes column should that senate bill make to it the floor. thank you so much, congresswoman debbie wasserman schultz and happy new year to you. >> you too. >
that's what president obama and democrats have called for all along. we've never said it has to be all our way. we've been willing, and will continue to support significant spending cuts to reduce our deficit. we know we need to make sure that the wealthiest americans pay a little more to add to that deficit reduction package. we know we're going to need entitlement savings. this is the first step towards significant deficit reduction. we would have prefer to do it in the $4 trillion deal that...
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Jan 2, 2013
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late last night passed a last minute bill to avoid that fiscal cliff. here is video. you can see the president boarding air force one late last night. he left after the house voted to approve the u.s. senate bill passed earlier in the day. that is despite the pact that some -- despite the fact that some how representative -- house representatives don't like it. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in recession. >> i wish i could say this is a proud moment. a moment in which we started the year off right in which the firstover january was the first of great many good things. it isn't. we're kicking the can down the road. >> tomorrow new members of congress will be sworn in and over the next two months they'll have to resolve the issues if that this last minute deal does not address. >>> that deal to avert the fiscal cliff may be some good news for hollywood. coming up at 5:45, why the agreement could save those studios millions of dollars. >
late last night passed a last minute bill to avoid that fiscal cliff. here is video. you can see the president boarding air force one late last night. he left after the house voted to approve the u.s. senate bill passed earlier in the day. that is despite the pact that some -- despite the fact that some how representative -- house representatives don't like it. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have...
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we're going to look back on this night and regret it. >>> president obama urged them not to fight politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return to a repurposed school. >>> an open house is set for today. >>> a shell oil rig has run aground off the coast of alaska. >>> no oil is leaking. all members have been evacuated. >>> they captured photos of justin bean 'eers car. >> but he wasn't driving, and he wasn't in the car at all. >>> what a hit! >> he says i'll take care of business. >>> all that -- >> a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. >> makes me cry. >>> -- and all that matters. >> members of con
we're going to look back on this night and regret it. >>> president obama urged them not to fight politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang...
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. >> the obligation was to bring a balanced bill one that has tax adjustment yes but spending cuts as well. this one failed badly. >> president obama praised lawmakers to for reaching an agreement. >> thanks to those of republicans and democrats i will signed a law that raises taxes on the wealthiest 2 percent of americans. >> middle-class americans will still take a financial hit in 2013. they will not pay higher income tax but they will have to pay at least 2% more in payroll taxes. that means most of the country's hundred 60 million workers will see smaller paychecks. i markemartha shade reporting. >> meanwhile near area lawmakers in both parties are angry after house members adjourned without holding a vote on aid for victims of superstar on sandy. >> the senate approved a $60.4 billion measure friday to help the recovery process. >> republican leaders said the deal on the fiscal cliff took so much time, they did not have any left to discuss the same deal. >> in bay area news contra costa county authorities are investigating whether a gunshot wound that killed a man in el sobrante
. >> the obligation was to bring a balanced bill one that has tax adjustment yes but spending cuts as well. this one failed badly. >> president obama praised lawmakers to for reaching an agreement. >> thanks to those of republicans and democrats i will signed a law that raises taxes on the wealthiest 2 percent of americans. >> middle-class americans will still take a financial hit in 2013. they will not pay higher income tax but they will have to pay at least 2% more in...
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. >> and again, there's no word yet on when president obama will sign the bill. here's some provisions -- a permanent extension of previous tax cuts for all taxpayers except individuals making more than $400,000 a year or couples making more than $450,000. the bill continues unemployment benefits for the long-term jobless for another year. it postpones decisions on controversial spending cuts for two months as well as the debt ceiling and current federal budget. more debate expected ahead and more possible fiscal cliffs that the government will have to deal with. >> the u.s. stock exchanges are reacting to the deal in a very positive way. the dow is currently up 261 points, at 13,365. that's exactly 2% up. the nasdaq is up 2.5%, up 77. s&p is also up, 29. asia markets were the first to re-- first to the react. hong kong closed with a nearly 3%. south korea, 1.7. australia and taiwan were 1% on the news and european markets have been up all day. >>> 7:07. even though congress took action to avert income tax hikes on most americans, your paycheck will still get sma
. >> and again, there's no word yet on when president obama will sign the bill. here's some provisions -- a permanent extension of previous tax cuts for all taxpayers except individuals making more than $400,000 a year or couples making more than $450,000. the bill continues unemployment benefits for the long-term jobless for another year. it postpones decisions on controversial spending cuts for two months as well as the debt ceiling and current federal budget. more debate expected ahead...
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. >> i had not have another he at the badebate with congress on whether she thud pay the bills on the debt they stacked up. >>> a packed two hours ahead. joined by steve israel. marsha blackburn, jen psaki, president obama's traveling press secretary, and diane swonk and connecticut attorney irving pinsky. >>> wednesday, january 2 know, starting point begins right now. > >>> our "starting point," what on earth just happened? financial markets up, but it took one fractured vote to make it happen. let's recap. late last night, the house of representatives passed the senate's fiscal cliff bill. the final tally, 257-167, and while 151 republicans voted no, it is worth noting its speaker, john boehner, voted yes, so did paul ryan, by the way. here is the deal that took over 500 days to seal. no tax hikes for couples earning less than $ 450,000 a year. itemized deductions, and unemployment benefits extended and alternative minimum tax adjusted for inflation. >> here is the deal. what the deal doesn't address is federal spending. drastic domestic and defense cuts have been put off for more t
. >> i had not have another he at the badebate with congress on whether she thud pay the bills on the debt they stacked up. >>> a packed two hours ahead. joined by steve israel. marsha blackburn, jen psaki, president obama's traveling press secretary, and diane swonk and connecticut attorney irving pinsky. >>> wednesday, january 2 know, starting point begins right now. > >>> our "starting point," what on earth just happened? financial markets up,...
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president obama praised the compromise, say that he does not want to repeat of the bickering in future negotiations. >> the bill keeps and come taxes the same for everyone except individuals making $400,000 a year or more. it also delays automatic spending cuts in defense and government programs for two months. it extends long-term unemployment benefits that were set to expire. the measure heads to the president obama, who has promised to sign it. he left immediately after commending on the house was bold, to rejoin his family in hawaii. >> new this morning, rental car companies avis is buying it is a car for more than $490 million expanding its business to include cars sharing services. avis will pay 12-25 per share. this will be a 49% premium to the company's closing price on friday. the companies put the total value of the deal at approximately $500 million. if as a car shareholders approve the deal, it is expected to close in the spring. >> an improving economy and a host of new models should push u.s. all sales about $15 million this year. this will be the strongest production in
president obama praised the compromise, say that he does not want to repeat of the bickering in future negotiations. >> the bill keeps and come taxes the same for everyone except individuals making $400,000 a year or more. it also delays automatic spending cuts in defense and government programs for two months. it extends long-term unemployment benefits that were set to expire. the measure heads to the president obama, who has promised to sign it. he left immediately after commending on...
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supported president obama, not forgotten. hollywood benefitting from the fiscal cliff deal to the tune of millions of dollars? how did that happen? >> steve: and is it your imagination, or are kids really ruder these days? new study detailing findings about generation r, as in generation rude. "fox & friends," the courtesy edition, starts right now. >> steve: i think one of the things that kids do these days that's just plain rude is they're on their gizmos so much. >> juliet: adults do that, too. >> steve: not as much as the kids. >> juliet: i don't know about that. you go out with your friends and stuff like that, everybody has their blackberry or iphones on the table. >> brian: you know what you got to do? set a rule. you got to make the announce: phones down. but yesterday if you remember our show, steve, i know you tend to black out. >> steve: i do. >> brian: but do you remember the trend expert says we'll get back into personal communication. we're going to start talking to people face-to-face and seeing their facial re
supported president obama, not forgotten. hollywood benefitting from the fiscal cliff deal to the tune of millions of dollars? how did that happen? >> steve: and is it your imagination, or are kids really ruder these days? new study detailing findings about generation r, as in generation rude. "fox & friends," the courtesy edition, starts right now. >> steve: i think one of the things that kids do these days that's just plain rude is they're on their gizmos so much....
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. >> this morning, a bill to avert the fiscal cliff awaits president obama's signature. around 11:00 eastern time last night, the republican-led house gave final approval to a bipartisan deal from the senate -- >> thank you, republicans. thank you, guys. you waited 20 years for this? >> on the wealthiest americans. >> you saved yourself for 20 years for this? >> while postponing automatic spending cuts for two months. >> joe is bitter. >> i am bitter. >> i would be. >> seriously, could the republican party have mismanaged this any worse? >> the package preserves bush air ya tax cuts for individuals earning less than $400,000 and households earning less than $250,000. it also extends unemployment benefits for a year. good morning, everyone. welcome to "morning joe." it's wednesday, january 2nd. with us on set, we have the president of the council on foreign relations, richard haass. we have former adviser to the bush administration and romney campaign, dan senor. this is going to be fun. >> yeah. yeah, yeah, yeah. paul ryan's guy. >> aye, aye, aye. >> mr. i'm going to vot
. >> this morning, a bill to avert the fiscal cliff awaits president obama's signature. around 11:00 eastern time last night, the republican-led house gave final approval to a bipartisan deal from the senate -- >> thank you, republicans. thank you, guys. you waited 20 years for this? >> on the wealthiest americans. >> you saved yourself for 20 years for this? >> while postponing automatic spending cuts for two months. >> joe is bitter. >> i am bitter....